Petróleo Brasileiro S.A. – Petrobras announces that today it concluded the offering of its 5.500% Global Notes due June 2051 (the “Notes”) in the international capital market in the amount of US$ 1.5 billion through its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”).
The pricing of the Notes occurred on June 2, 2021, as disclosed to the market, representing the lowest issuance yield for a 30-year bond issued by Petrobras.
The offering was 6.2x oversubscribed, including the participation of 426 investors from the United States, Europe, Asia and Latin America.
The terms are as follows:
• Amount: US$ 1.5 billion
• Coupon: 5.500%
• Reopening price: 96.446%
• Yield to Maturity: 5.750%
• Maturity: June 10, 2051
• Interest payment dates: June 10 and December 10 of each year
• Ratings: BB- (Fitch) / Ba2 (Moody’s) / BB- (S&P)
• CUSIP/ ISIN: 71647NBJ7 / US71647NBJ72
PGF intends to use the net proceeds from the sale of the Notes to repurchase the notes that PGF accepts for purchase in the tender offers announced concurrently with the offering of the Notes.